March 24, 2025

Netflix Spent Big on Oscar-Worthy Films. That May Not Be Enough.

In truth, no film wins the top Oscar without spending. All nine of this year’s best-picture nominees have been draped in for-your-consideration campaigns for months. Sony has certainly not been stingy with its “Once Upon a Time … in Hollywood” get-out-the-vote effort, which included a 28-minute special about its themes (“a love letter to making movies”) that ran on two Los Angeles television stations. Neon, the scrappy indie with the potential best-picture disrupter “Parasite,” has been spending money like a major, hopeful that the love for the genre-defying South Korean film will help it make Oscar history.

But Netflix has taken campaigning to a new level. Most studios put their firepower behind a couple of contenders. Netflix pitched eight films to awards voters this year, including two that received nominations for best animated film: “Klaus,” a hand-drawn holiday story that triumphed at the BAFTAs, Britain’s equivalent of the Oscars, and “I Lost My Body,” about an amputated hand. About 60 people work in Ms. Taback’s department, which also includes talent relations.

“Think of all of our awards work as a really smart way to make us the best home for talent in the world,” Reed Hastings, Netflix’s chief executive, said during a quarterly earnings call last month. “The business benefit is that we will win deals that we wouldn’t have otherwise.” Netflix may be spending a lot on awards campaigns. But the sum is a rounding error when you consider the company is poised to spend $17.3 billion on content this year.

Like all studios, Netflix flies stars to ceremonies that are seen as campaign stops, advertises in trade publications and sends swag to reporters (a pair of red slippers to support “The Two Popes,” for instance). But Netflix has also gone a great deal further, promoting films in ways that have raised eyebrows.

Article source: https://www.nytimes.com/2020/02/04/business/media/netflix-academy-awards-oscars.html?emc=rss&partner=rss

Speak Your Mind